Dear community users,
According to FCoin Community Committee passed the proposal on Upgrading & Optimization of Promotion Mining and Implementation plan on Optimization & Upgrade of Promotion Mining, We now announce the reward rules of the upgraded Promotion Mining as follows:
1. The top 20 promotion nodes of the first term will all receive promotion mining rewards. Starting from the second term, the top 15 promotion nodes of each term (excluding the last 5 nodes eliminated), and the 5 new finalists will receive promotion mining rewards. The rewards are specifically:
|Ranking||Mining reward (FT)||Additional reward (USDT)|
2. The submission deadline of the first-term promotion node mining is 24:00 on June 30, 2019 (GMT+8), and all promotion nodes can participate in the submission.The submission link https://ft.fan/forum-149-1.html
3. Community voting time is from July 1st - 3rd, 2019, all community users get different number of available votes according to the proportion of FT lockup and then vote.
4. Evaluation Committee voting time is from July 4th - 7th, 2019.
5. The first promotion node ranking will be announced before July 8, 2019, and the reward (1.6 million FT) will be allocated according to the promotion node ranking, 400,000 FT will be used as voting awards which 80% (320,000 FT) is distributed to community voting users, and 20% (80,000 FT) is distributed to the Evaluation Committee members. The reward distribution rules are subject to the future announcement of the platform.
6. The promotion nodes approved already are:
- FCoinEurope 节点
- FCoin Overseas Team 节点
- Blockchainer 区块链人
- ★Going Merry★6 seater★
- 币乎启明星 节点
- FFF 节点
We welcome various organizations including city nodes to apply for participating in promote node mining, so that there will be sufficient time to participate in the first term of the promotion node mining.
The following is from Implementation plan on Optimization & Upgrade of Promotion Mining
New Promotion Mining mechanism
Change the promotion period to 1 month and increase the reward to 1.6 million FT/cycle. That is, the submission of the work needs to be completed in 3 weeks, and the voting will be completed in 1 week. Community voting will be held first (weight: 20%), then will be Evaluation Committee voting (weight:80%).
Among the top 20 shortlisted promotion nodes in each term, the last 5 nodes will be eliminated which will not receive any promotion mining rewards.
Promotion node application conditions
1. At least 5 KYC users (one KYC user can not join in two or more nodes at the same time);
2. Each KYC user of promotion node needs to lockup 10,000 FT (fixed-term lockup type with lockup cycle at least 1 year).
City nodes and non-official community organizations are welcome to apply for Promotion Nodes. The application method is as follow:
First, send the organization name and KYC users' username (at least 5 KYC users meet lockup requirements) to firstname.lastname@example.org with the title ” Applying for Promotion Node”. Then contact the telegram: @FCoinSupport, or WeChat: du13939442121. And your Promotion Node will be regarded as established if your application was approved.
Evaluation Committee Application Conditions
The Evaluation Committee consists of 15 community partners. Any community partner is qualified for Evaluation Committee application but will lose the right of participating in promotion mining after joining in the Evaluation Committee.
Jun 9, 2019